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Dec 20, 2012
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we'll take you live to washington. stick around on the "closing bell." >>> time to toast today's close with this. a recent study from william blair showed that amazon is offering a wired selection of products, and it's a little bit cheaper than both walmart and target. so what are the differences? find out next. a recent study from william ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> a toast to today's market close. online, amazon's product selection is 15 to 20 times larger than target and walmart. and the pric
we'll take you live to washington. stick around on the "closing bell." >>> time to toast today's close with this. a recent study from william blair showed that amazon is offering a wired selection of products, and it's a little bit cheaper than both walmart and target. so what are the differences? find out next. a recent study from william ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of...
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Dec 7, 2012
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then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out,
then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for...
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Dec 7, 2012
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they are incentivized by an anti-hydrocarbon leadership on the part of the democratic authorities in washington, they will take advantage p take over the states' jurisdiction by setting standards that are beyond what we know today that are not necessary because we know what we know today. and let's be clear. the industry is doing everything it knows how to do to continually make fracking and continually make the whole process, including capturing methane, better for everybody. >> it's an economic miracle if they would just let it happen. it's an economic miracle. many thanks to john. we appreciate it. >>> now, have you all noticed the u.s. and global stock markets are actually rising, in many cases to multi-year highs? we have some key numbers and some forecasts coming up next. the stocks are more optimistic than the experts. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large pr
they are incentivized by an anti-hydrocarbon leadership on the part of the democratic authorities in washington, they will take advantage p take over the states' jurisdiction by setting standards that are beyond what we know today that are not necessary because we know what we know today. and let's be clear. the industry is doing everything it knows how to do to continually make fracking and continually make the whole process, including capturing methane, better for everybody. >> it's an...
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Dec 7, 2012
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>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for weed as if you just snapped your fingers. how do you make sure this stays out of the hands of those who are under 21? >> well, we've seen in colorado already a fully regulated market that is serving 120,000 medical marijuana patients and no reports of any marijuana being diverted from those stores to teens and moreover while the use of marijuana among teens has gone up 11% nationally, it's actually gone over the past two years 11% in colorado. so what we see is a regulated market that can keep marijuana out of the hands of teens and we hope the federal government and president obama don't stand in the way of p
>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for...
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Dec 26, 2012
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we're waiting for news out of washington. that's going to be a catalyst. typically we see light volumes, we don't see a ton of trading. what do you expect the action to be while we're waiting for this decision? do you expect anything out of the ordinary this year? >> no, i don't. i think we'll see light volumes again, too. i think we're going over the fiscal cliff. but what i think is, the market has grown accustomed to that. small caps are up 9.5% since mid-november. that's optimistic in my mind. what i think they think is that we go over the fiscal cliff and sometime in the first week and a half, that's the political theater where the republicans can then cut taxes instead of raising taxes on anyone. and all will be well. i do think, however, the one thing that i'm worried about is the markets are okay with that, and they -- in our business we say buy the room or sell the facts. they price in this good outcome that happens the first week of january. then there's no reason left to buy. we priced that in and go lower. i did establish shorts on christmas ev
we're waiting for news out of washington. that's going to be a catalyst. typically we see light volumes, we don't see a ton of trading. what do you expect the action to be while we're waiting for this decision? do you expect anything out of the ordinary this year? >> no, i don't. i think we'll see light volumes again, too. i think we're going over the fiscal cliff. but what i think is, the market has grown accustomed to that. small caps are up 9.5% since mid-november. that's optimistic in...
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Dec 26, 2012
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it's an embarrassment how washington is acting. i am begging somebody in washington, step up. be accountable. take responsibility. solve the root cause of these issues. get smart about your weight. >>> the graphic says it, market flash. welcome back to the program. let's look at best buy. the stock's not moving higher, but there are positive comments out there. rare positive comments from an analyst about the store upgrades. bby has been remodeling a number of stores. david chick says they are a real improvement from the old stores. he visited a bunch post, pre, and post remodel. he thinks these are pretty good. he believes they can help with the magnolia sales. their higher end store within a store. making positive comments about these remodels. still, not really helping the stock today. bby shares are down 33% just this quarter. seems like a buyout may be the only big-time hope for bby in the near term. >> brian, thank you for that. currency wars are back. japan's new prime minister is warning the bank of japan had must match efforts by both the u.s. fed and ecb to weaken th
it's an embarrassment how washington is acting. i am begging somebody in washington, step up. be accountable. take responsibility. solve the root cause of these issues. get smart about your weight. >>> the graphic says it, market flash. welcome back to the program. let's look at best buy. the stock's not moving higher, but there are positive comments out there. rare positive comments from an analyst about the store upgrades. bby has been remodeling a number of stores. david chick says...
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Dec 4, 2012
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but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer disappointing and says that an accept aps by republicans that rates have to go up is the key to unlocking a deficit reduction agreement. now that's consistent with everything that's happened at the white house since the election, essentially trying to break down republican resistance to raising top rates which is very popular with the american people. however, as i mentioned when we talked in the last hour, are the significance of the republican offer is that they have laid out and taken ownership of cuts to entitlement programs, medicare
but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer...
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Dec 3, 2012
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dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too much on defense anyway. >> it's hard to understand that comment. quite honestly what often gets missed in the midst of this debate right now is we're already in the middle of step one of defense budget reductions. we're in the midst of under the budget control act which has already been passed, we're in the midst of a $487 billion defense spending reductions right now. you are seeing that in the headlines and some of the analyses -- >> sorry, david, are those real reductions or are those cuts to projected increases? >> i characterize them as real reductions. you can see that in some of the headlines, unfortunately, we're dealing with across the co
dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too much on defense anyway. >> it's hard to understand that comment. quite honestly what often gets...
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Dec 29, 2012
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. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they'r
. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related...
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Dec 28, 2012
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thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> breaking news now. the associated press reporting that retired general norman schwarzkopf one of the heroes of the first gulf war has died in tampa, florida. he w
thanks, guys. >> there was another surprise coming out of washington today. the unexpected resignation of ep achieve lisa jackson. why is she lng now? is this good news for coal miners, frackers and the keystone pipeline and we're about to get more on that story just ahead. >> don't forget, free market capitalism is the best path to prosperity and not crushing regulations. the kudlow report is coming right back. mine was earned off vietnam in 1968. over the south pacific in 1943. i...
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Dec 5, 2012
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today's top story, a washington standoff continuing. fiscal cliff negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today's top story, a washington standoff continuing. fiscal cliff negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Dec 6, 2012
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it's dangerous to hear about washington talk the cliff is harmless but i do think the threat of it is so significant and investors are so concerned about it that it does make me think a lot more of the cliff is discounted in current stock prices. >> i'm surprised, tom, in the notes you say you don't think we're going to go off and what would happen to the stock market? stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right. yes, and that's right. so we don't expect us to actually fall off the cliff. our base case and it's something that we spend every week really discussing is that about a third of the cliff is realized, in other words we get about a third of the total impact, two-thirds being deferred and that's already in the gdp forecast, roughly 1% in the first half. that's a scenario that's not going to justify investors being risk off and sitting on the sidelines but the time to recognize that scenario is not going to happen towards the end of the year so i still have this vision of investors being cautious, we get developm
it's dangerous to hear about washington talk the cliff is harmless but i do think the threat of it is so significant and investors are so concerned about it that it does make me think a lot more of the cliff is discounted in current stock prices. >> i'm surprised, tom, in the notes you say you don't think we're going to go off and what would happen to the stock market? stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right....
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Dec 28, 2012
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>> i think it's going to be all about washington, d.c. i don't think these reports are going to shape markets in any way. it will be interesting to see the housing market report given the strong run that we've seen for the year. it should instill a bit of confidence. the price likely the going to be subdued going into the end of the session. it's all about the fiscal cliff talks. the recent setback that we have. we may have some sort of agreement on sunday, but i don't think markets are holing their breaths. >> just a couple of corporate stories here. bankia shares are down. we're seeing porsche move up 6% the last time i moved. what else is driving markets here in europe today? >> lonmin was an issue. markets looking at that story right now. also, it's one of those stories where with the mining sector, given what's going on in south africa, it goes on to that. overall, it's busy on the corporate front and, again, it's just about the fiscal cliff talks and that's something that we would be looking after in the course of the day. >> we'll
>> i think it's going to be all about washington, d.c. i don't think these reports are going to shape markets in any way. it will be interesting to see the housing market report given the strong run that we've seen for the year. it should instill a bit of confidence. the price likely the going to be subdued going into the end of the session. it's all about the fiscal cliff talks. the recent setback that we have. we may have some sort of agreement on sunday, but i don't think markets are...
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while we wait for washington to strike a deal, jim's making sure you're ready when he plays, am i diversified. plus wooin garten realty ahead with jim. we have your first look at tomorrow when we come back. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 50
while we wait for washington to strike a deal, jim's making sure you're ready when he plays, am i diversified. plus wooin garten realty ahead with jim. we have your first look at tomorrow when we come back. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our...
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Dec 18, 2012
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can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our aim economy monday jaf verse is live. good morning. >> reporter: good morning. briefing them on where they stand on fiscal cliff negotiations with the president and floated this idea of a two-track process where they would go ahead with a plan b option. take a listen to the speaker talking about what this plan b would actually be. >> our plan b would protect the american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the white house that would reduce spending as well as revenues on the tabl
can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our...
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. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's serious about the rates. >> you can't even guarantee that guys like demint and that wing of the part -- you saw what he said yesterday. >> i didn't see what he said. >> he said no way. 800 billion in tax increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members
. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's...
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Dec 27, 2012
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they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote and the republican-controlled house of representatives. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have changed around here. i served in the house of representatives. there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. everyone knows, including the speaker of the house house of representatives today, that if they had brought the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. every democratic would vote for it and republicans would vote for it. but the speaker, he says no, we can't do that t ha
they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote and the republican-controlled house of representatives. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have changed around here. i...
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Dec 20, 2012
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>> obviously, we'll be watching washington pretty closely. boehner will bring his plan b to the floor today and the president has promised a veto, so that should be kind of exciting. >> kind of exciting, i guess, or kind of frustrating if you're sick of following these negotiations hoping for a deal. there aren't many days left in the year. >> no, absolutely not. and i actually think we'll probably go over the cliff briefly. it's more of a slope than a cliff if you look at what happens when we pass the year-end numbers. but i think longer term, that's probably going to be good because it will lead us to a much more comprehensive and reform minded solution. a short-term solution is not what the market wants. the market wants a long-term solution. if we go over the cliff, there will be a sell-off, but it will be short lived as there will be a lot of investors to pick the bottom. >> i think you're the third guest if a row to tell us we're going over the which i have. that sounds like it's quickly becoming a consensus view. >> yeah, i think so. a
>> obviously, we'll be watching washington pretty closely. boehner will bring his plan b to the floor today and the president has promised a veto, so that should be kind of exciting. >> kind of exciting, i guess, or kind of frustrating if you're sick of following these negotiations hoping for a deal. there aren't many days left in the year. >> no, absolutely not. and i actually think we'll probably go over the cliff briefly. it's more of a slope than a cliff if you look at...
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Dec 17, 2012
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the clock ticks towards the fiscal cliff deadline. >> will investors keep a close eye on washington this week? you bet. we'll preview the trading day when we come back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> japan's prime minister election shinzo abe is putting the heat on the boj just one day after his party's huge win and two days before the bank's next rate setting meeting. in turn, you can see the yen's response in trade this morning, now down -- well, we should say the yen is weakening against the dollar, .75% lower now. that's more than even the first time we checked in earlier this morning. 83.68 is the level and our guests this morning have indicated that the yen perhaps could go to 90 next year. some say even a more disorderly weakening could happen. but at the same time, we're hearing our nomura guest saying he doesn't think so. we're going to stay roughly at these levels because it's the u.s. that matte
the clock ticks towards the fiscal cliff deadline. >> will investors keep a close eye on washington this week? you bet. we'll preview the trading day when we come back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> japan's prime minister election shinzo abe is putting the heat on the boj just one day after his...
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it's a powerful conservative think tank in washington. demint says he can be more effective outside the senate. >> a lot of my role in the senate has been stopping bad things and saying no to bad things. but we need to do more than that and tell americans what we're for. one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. >> senator demint, huge tea party supporter. sometimes clashes with his own party's leadership. he is leaving with four years left in his senate term. earlier, he said he'd retire when the term was up in 2017 but gave no previous indication he might quit now. i want to go to dana bash joining me on the phone here. dana, huge surprise to a lot of people. what's behind the resignation. >> reporter: a huge stunner. nobody saw it coming. i was told by a source close to demint he didn't accept the job until yesterday telling the staff this morning, called the governor in south caroli
it's a powerful conservative think tank in washington. demint says he can be more effective outside the senate. >> a lot of my role in the senate has been stopping bad things and saying no to bad things. but we need to do more than that and tell americans what we're for. one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. >> senator demint,...
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Dec 18, 2012
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i think there was a level of optimism here in washington that this deal could get done soon. now, you have speaker incumbentincumben incumbentincumbenboehner with plan b, to avoid some of the effects of the so-called fiscal cliff. secretary -- press secretary here jay carney putting out a statement a short time ago saying, quote, the parameters of a deal are clear and the president's willing to work to reach a bipartisan solution that averts the first, protects middle class, helps the economy and puts our nation on a fiscally sustainable path but not willing to accept a deal that doesn't ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors. the speaker's plan b approach doesn't meet this test. and it really has been a back and forth because we soon heard back from speaker boehner's office, bran dan bucks saying, the white house's position defies common sense. what is clear, though, that is both sides here, despite the back and forth in the plan b, both sides say that they're willing to sit down and work on an agreement, this
i think there was a level of optimism here in washington that this deal could get done soon. now, you have speaker incumbentincumben incumbentincumbenboehner with plan b, to avoid some of the effects of the so-called fiscal cliff. secretary -- press secretary here jay carney putting out a statement a short time ago saying, quote, the parameters of a deal are clear and the president's willing to work to reach a bipartisan solution that averts the first, protects middle class, helps the economy...
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emily schmidt, cnn, washington. >> emily, thank you. >>> also in washington, bo is back. front and center on the white house holiday card. michelle obama picked a personal could. it shows bo running across the snowy lawn. she called the moment very surreal. >>> she was married to peter jennings and the late ambassador peter holbrook and now she's written a memoir about her own amazing life. we hear about her after this. >>> as a mother of a young child, i'm always looking for something fun and educational to do together. nature spot quest is our spot. opened in march 2011 with more than 7,000 square feet of interactive educational things to do and see, the exhibit has the feel of a playground and the educational tools of classroom. every nook and cranny offers children a new adventure. unlike traditional museums, at naturequest children are challenged from self-discovery to explore and be curious in a hands-on environment just like real scientists. with over 100 interactive encounters to choose from, a few of my son's favorites include the clubhouse build in the trees and
emily schmidt, cnn, washington. >> emily, thank you. >>> also in washington, bo is back. front and center on the white house holiday card. michelle obama picked a personal could. it shows bo running across the snowy lawn. she called the moment very surreal. >>> she was married to peter jennings and the late ambassador peter holbrook and now she's written a memoir about her own amazing life. we hear about her after this. >>> as a mother of a young child, i'm...
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i hate to break to to people in washington, but all negotiations over policy are secret in washington. that's how legislation gets done. you have to be in a room with negotiators to cut a deal. i wouldn't fret. >> they get criticized for not talking to each other and criticized for how to talk to each other. king maker, leaving before his term is up. says he could be more effective outside of the senate. what are they making of this in washington? >> a lot of people say the allure of a think tank with a big salary. >> more than a senator of the united states? >> a lot of people get frustrate ed in the senate. it's difficult to advance an agenda. if you're jim demint, you want a much smaller government. as long as east been in the senate, he hasn't been able to accomplish what he wants. >> a lot of people say you have more influence from the inside than you do on the outside. it will be curious. who will they appoint? >> there are four congressman just reelected in south carolina. representative scott is african-american. that would be fascinating if she appointed the first african-ame
i hate to break to to people in washington, but all negotiations over policy are secret in washington. that's how legislation gets done. you have to be in a room with negotiators to cut a deal. i wouldn't fret. >> they get criticized for not talking to each other and criticized for how to talk to each other. king maker, leaving before his term is up. says he could be more effective outside of the senate. what are they making of this in washington? >> a lot of people say the allure...
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high times in washington state tonight. voters approved the law last month, but while it is legal to smoke pot, toke up, baby, it's not yet legal to grow or sell it. "outfront" tonight, miguel marquez in seattle. his eyes look pretty clear. it's legal there. if no one can legally sell marijuana, what does this it law so ground breaking really change? >> reporter: well, one, i've been here for 37 hours so i'm not looking so good tonight. two, you know, this is only the beginning. they are creating an industry here if this thing comes to fruition if the feds don't step in and stop it. pot is legal to own an ounce over 21, it's treated lie hard alcohol. in a year's time you'll have pot stores in and across washington state. you'll have licensed pot growers and processors, cookie bakers, brownie makers and you have stores to buy it in that you wouldn't be able to do it amsterdam style in cafes or coffee houses and oous it there. you have to take it home and use it in private. it will unleash people are saying a wave of an indus
high times in washington state tonight. voters approved the law last month, but while it is legal to smoke pot, toke up, baby, it's not yet legal to grow or sell it. "outfront" tonight, miguel marquez in seattle. his eyes look pretty clear. it's legal there. if no one can legally sell marijuana, what does this it law so ground breaking really change? >> reporter: well, one, i've been here for 37 hours so i'm not looking so good tonight. two, you know, this is only the beginning....
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high times in washington state tonight. a new law legalizing recreational use of marijuana went into effect today. while it is legal to smoke pot -- toke up, baby. it's not yet legal to fro or sell it. tonight, his eyes look pretty clear. gla glassy. miguel, set us straight. if no one can legally sell marijuana, what does this law which is so ground breaking, really change? >> one. i've been up 37 hours, so i'm not looking so good tonight, but two, this is only the beginning. they are creating an industry here if this thing comes to fruition. if the feds don't step in and somehow stop it. pot is legal now to own an ounce if you're over 21. it's treated basically like alcohol. but in a year's time, you'll have pot stores in and across washington state. you'll have licensed pot growers, pot processors, cookie bakers. brownie makers, then stores to buy it in, but you wouldn't be able to do it amsterdam style, where you can do it in cafes or coffee houses and use it there. you'd have to take it home and use it in private. it wi
high times in washington state tonight. a new law legalizing recreational use of marijuana went into effect today. while it is legal to smoke pot -- toke up, baby. it's not yet legal to fro or sell it. tonight, his eyes look pretty clear. gla glassy. miguel, set us straight. if no one can legally sell marijuana, what does this law which is so ground breaking, really change? >> one. i've been up 37 hours, so i'm not looking so good tonight, but two, this is only the beginning. they are...
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this guy works as a consee arj in a powerful washington d.c. building. his passion to give back to his hometown in africa has now inspired a whole community. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works
this guy works as a consee arj in a powerful washington d.c. building. his passion to give back to his hometown in africa has now inspired a whole community. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. now is a good time to think about...
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none so far. >> kate bolduan reporting live from washington. >>> in washington state, love is in the air. same-sex marriage now legal there. at midnight couples lined up to get a license and the very first couple to tie the knot in seattle. two women together for 35 years. right now same-sex marriage is legal in nine states and the nation's capital while civil unions are available in five other states. >>> smoke them if you got. r recreational marijuana is now legal washington state. pot smokers lit up like it was new year's eve. the new voter approved initiative went into effect at midnight. technically this is illegal. for now the seattle police department is turning a blind eye. last night this notice was sent out to all officers. "until further notice, officers shall not take any enforcement action other than a verbal warning for violation of 1-502." what was it like? >> reporter: well, it was certainly interesting. something different -- more different than anything i've been to before. it's a first step in a long implementation process in washington state. by the end of the yea
none so far. >> kate bolduan reporting live from washington. >>> in washington state, love is in the air. same-sex marriage now legal there. at midnight couples lined up to get a license and the very first couple to tie the knot in seattle. two women together for 35 years. right now same-sex marriage is legal in nine states and the nation's capital while civil unions are available in five other states. >>> smoke them if you got. r recreational marijuana is now legal...
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my job is to protect patients in the state of washington. and this law criminalizes every single medical marijuana patient every single time they drive. and for patients under 21 or just students under 21, we know that active tch can stay in your system for up to 30 days so that legal joint you smoked two weeks ago is still in your system today. and under the new law, if you get pulled over and they take your blood, you're going to be guilty of, per se, duid, which is a very serious crime in the state of washington. it's a life-changing crime for those under 21. >> let's walk through for folks who aren't aware of the details some of the new driving rules, which i know you're really focused on, under the influence driving. legal thc limit would be 5 nanograms per mill liter. they could conduct so bright tests. serious accident would mandate that you get your blood drawn. they can't search the car for smell alone. you've called these laws, these rules draconian. a lot of people would say, listen, i support draconian laws about people getting i
my job is to protect patients in the state of washington. and this law criminalizes every single medical marijuana patient every single time they drive. and for patients under 21 or just students under 21, we know that active tch can stay in your system for up to 30 days so that legal joint you smoked two weeks ago is still in your system today. and under the new law, if you get pulled over and they take your blood, you're going to be guilty of, per se, duid, which is a very serious crime in...
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not anymore, at least if you're in washington state. it's the first state in the nation to legalize marijuana for recreational use. cnn's miguel marquez is joining us from see yat -- seattle. still some roadblocks, but what's the latest? >> reporter: some roadblocks indeed. you can have pot right now, but you can't go out and buy it. you still have to go to the black market. but in a year's time if everything goes the way it's supposed to, washington state will be a haven for pot. in the war on drugs, the government surrenders to marijuana users here in washington state. up to an ounce now legal for anyone over 21. >> we got that weed growing. we ain't worried about no police. we're out here living like tupac, baby. all eyes on the city cause we got it going on. >> reporter: this is the moment when marijuana became legal to possess at least under one ounce here in washington state. several dozen people, perhaps 100 people have showed up here at the space needle to smoke up and celebrate. including this guy. >> america, freedom! >> repor
not anymore, at least if you're in washington state. it's the first state in the nation to legalize marijuana for recreational use. cnn's miguel marquez is joining us from see yat -- seattle. still some roadblocks, but what's the latest? >> reporter: some roadblocks indeed. you can have pot right now, but you can't go out and buy it. you still have to go to the black market. but in a year's time if everything goes the way it's supposed to, washington state will be a haven for pot. in the...
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>> randy, by washington standards, that is progress. and i know it's hard to believe but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news is that this could have been much worse. they could have come out of the meeting saying it's impossible to reach an agreement, we cannot even begin negotiation, there will be no deal. that did not happen. so the fact that they have a game plan for the weekend and for the next steps, it's better than a lot of people hoped for. so now everyone's holding their breath. >> i guess we have to be thankful for the little things. but how did we get here? we heard the president say today he's mildly optimistic. why? >> that optimism has to do with the fact that it could have been worse, that all the parties in there did want to get to a deal, that they would rather find a way out of this instead of going over the cliff, but the bigger picture is you said how did we get here and the problem is what they're fighting over, while it seems silly and
>> randy, by washington standards, that is progress. and i know it's hard to believe but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news is that this could have been much worse. they could have come out of the meeting saying it's impossible to reach an agreement, we cannot even begin negotiation, there will be no deal. that did not happen. so the fact that they have a game plan for the weekend and for the next steps, it's...
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. >> a little sad we get this excited to find out people are actually talking to each other in washington. but it's a reality check, sign of the times. it's always better when the two top men who got to make the decision ultimately are getting in a room without scameras and moving proposals back and forth. it's a sign of progress. is it progress in the next 48 to 72 hours? that's probably optimistic. but progress is being made because conversation is occurring. >> i hate to say this, i was really thrilled we weren't getting a whole lot the last two days which signaled to me at least maybe these guys have decided it's not good to work this out in the court of public opinion, yet now we're starting to hear a little more. good news, bad news? >> i think it's encouraging. among republicans there's an emerging view that was championed by representative cole of oklahoma, wait a second, what we can do is pass one law that extends all the middle income tax cuts and another that extends the whole package and then let the president veto one, let the other go through and we shield a large majority o
. >> a little sad we get this excited to find out people are actually talking to each other in washington. but it's a reality check, sign of the times. it's always better when the two top men who got to make the decision ultimately are getting in a room without scameras and moving proposals back and forth. it's a sign of progress. is it progress in the next 48 to 72 hours? that's probably optimistic. but progress is being made because conversation is occurring. >> i hate to say...
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or citizens for responsibility and ethics in washington. she's talking about the office of congressional ethics, the only government body outside of congress whose sole mandate is to formally investigate members inside congress, but many of the same members of congress want the oce gone. >> the oce has forces members of congress to take ethics more seriously. it has forced the ethics committee to act and let all members of congress know they can't skate by like they have for so many years with unethical conduct going on. >> c.r.e.w. is considered by some to be left leaning and liberal, but they're not the only ones worried about the oce. >> one of your counterparts say members will go out and say they support the oce while privately they're trying to kill it. do you think that's true? >> yes. that is true. >> this man is chairman of the conservative right-leaning national legal and policy center. >> if oce goes away, if the members are not named, if it's not reauthorized, what message does that send to the public? >> it sends a message to t
or citizens for responsibility and ethics in washington. she's talking about the office of congressional ethics, the only government body outside of congress whose sole mandate is to formally investigate members inside congress, but many of the same members of congress want the oce gone. >> the oce has forces members of congress to take ethics more seriously. it has forced the ethics committee to act and let all members of congress know they can't skate by like they have for so many years...
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washington back to work. the countydown is on. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. now, i'm not trying to be a g n grinch here. i hope everyone's had a merry, merry christmas. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight, treasury secretary tim geithner told congress that the country will hit the debt ceiling on december 31st, some two months earlier than expected, but there's still no date yet on when the house of representatives will be called into session to veto a vote on any deal. president obama cut his hawaiian vacation short and is due to land in washington tomorrow. but if politicians aren't feeling enough urgency, the people people. 50% of americans think a deal is likely. that's down nine points from just a few weeks ago. if we go over the cliff, it will affe
washington back to work. the countydown is on. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. now, i'm not trying to be a g n grinch here. i hope everyone's had a merry, merry christmas. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight,...
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unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down. and our unemployment rate will stop going down as fast. >> we're just starting to get some traction here, we want to keep this going. mark, let me ask you, the economy is doing better than expected. there's no question. the revisions to a lot of numbers are looking better. housing is coming back. the median price of an existing home shot up 10% in november year over year. we've been seeing six months of home values going up in a row. a lot of americans build their wealth through their homes, higher home values means more confidence going forwar
unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down....
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flying back to washington tonight. unwhat kind of deal-making possibilities he will find when he gets back. house republican leaders held a conference call but no decision when to call members back nor is it clear what kind of deal, if any, they will have to vote on. a lot of moving pieces and a lot of digging for cnn's dana bash. i understand there were no decisions out of the call. do we have any sense what fellow republicans are telling speaker boehner? how likely are we going to see a vote before going over the cliff? >> it's up in the air. i'm told it is in part why house republicans didn't make a decision whether to bring the house back or when to do it. the ball is really in the senate's court, specifically with senate democrats. that changed big time since a couple of weeks ago. at this point what senate democrats are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scale back, focusing on tax
flying back to washington tonight. unwhat kind of deal-making possibilities he will find when he gets back. house republican leaders held a conference call but no decision when to call members back nor is it clear what kind of deal, if any, they will have to vote on. a lot of moving pieces and a lot of digging for cnn's dana bash. i understand there were no decisions out of the call. do we have any sense what fellow republicans are telling speaker boehner? how likely are we going to see a vote...
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president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. dana bash is doing some digging, so does david gergen and the rest of our political insiders. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with
president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. dana bash is doing some digging, so does david gergen and the rest of our political insiders. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your...
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top of the list, scandal in washington. are you surprised petraeus topped the list? >> no. the top spy in america and he can't keep an affair secret? i think there is some human quality in there and some humor at the same time. but it's remarkable to me. it's men in power who think they can get away with it. bill clinton, john edwards. men in power think they live by different rules. >> let's turn now to the royal family. even the royal family couldn't escape the list. >> in this case, prince harry? that kid has had trouble after trouble. if you invite people to your room, get drunk and play strip poker, you're going to be in the tabloids. the duchess was alone in a french villa and they used long lenses to take pictures of her. completely different scenario. that is why he deserves to be in the media and she doesn't. >> is it a double standard because he's a guy? they brushed it off. if a female member of the royal family had taken pictures like prince harry, it would be a different story. >> if she had invited a bunch of people she met to get drunk and play strip poker an
top of the list, scandal in washington. are you surprised petraeus topped the list? >> no. the top spy in america and he can't keep an affair secret? i think there is some human quality in there and some humor at the same time. but it's remarkable to me. it's men in power who think they can get away with it. bill clinton, john edwards. men in power think they live by different rules. >> let's turn now to the royal family. even the royal family couldn't escape the list. >> in...
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president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. >> we have our political insiders coming up. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. [ female announcer ] live the regular life. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're bett
president obama is rushing back to washington. the question is what kind of reception will he get from the lawmakers he has been negotiating with. >> we have our political insiders coming up. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s beam. on the galaxy siii and note ii. for a...
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it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top,
it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all...
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it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. take our fut. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength
it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. take our fut. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron...
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it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to
it's 60 degrees in washington tonight at 9:00 p.m. eastern time on december the 4th. now, that is weird. >>> coming after the break from one load of hot air to another. we'll talk about the fiscal cliff and why a lot of politicians are huffing and puffing and doing absolutely nothing to stop it. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. [ ding! ] losing your chex mix too...
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this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast majority of americans don't have their taxes hiked and unemployment insurance is extended for 2 million americans who it is set to expire on and we can deal with fundamental tax reform in the new year. the hope for a grand bargain looks like it is too big to hope for in the next few days, but not having taxes go up on 98% of americans, that should be do-able. making sure that 2 million americans aren't kicked off the welfare rolls should be do-able. >> john, remind us what the consequences are if nothing happens in six days. >> suzanne, this is important for folks to a
this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast...
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. >> it began in iowa, moved through illinois, indiana, ohio and moved into washington, d.c. it's just a fast-moving, longlasting violent thunderstorm complex. >> after charging 800 miles, 22 were dead and 5 million were without power. number five, the dallas 22. there's an old myth that tornadoes don't hit big cities. >> it was so scary. remind you of "the wizard of oz" when the tornado hit and everything going around and around. >> caused nearly $1 billion worth of damage within 24 hours. number four, deadliest tornadoes. >> take it away from us, lord. >> tornadoes took up three slots in our top ten countdown. but this was the deadliest. march 2nd and 3rd, 70 confirmed tornadoes killed 7 people in the northwest. hurricane isaac. >> isaac was a killer. >> the country held its breath as the levees. >> reporter: yet again. plaquemine's parish was tested. by september, 66% of the u.s. was in some degree of drought. the dry weather is expected to continue into 2013. and this could become the costliest natural disaster in u.s. history. and number one, superstorm sandy. >> this hi
. >> it began in iowa, moved through illinois, indiana, ohio and moved into washington, d.c. it's just a fast-moving, longlasting violent thunderstorm complex. >> after charging 800 miles, 22 were dead and 5 million were without power. number five, the dallas 22. there's an old myth that tornadoes don't hit big cities. >> it was so scary. remind you of "the wizard of oz" when the tornado hit and everything going around and around. >> caused nearly $1 billion...